Introduction:
Managing risk on a project is really just a sub-set of managing the overall project. If you don't manage risk on a project, overtime the risk will manage you. The key to managing risk is documentation.
References:
Information:
Every risk should be document and a plan of what actions should be taken during that event should be considered. Even problems that occur or decisions that are made earlier in the process that causes risk should be identified and planned. Documenting decisions that are made that causes risk is a normal part of any program / project managers job. The program manager should document these events and decisions, they provide turn-over information, lessons learned and the ability for other people to get key information to help overcome problems later in the process. These risk, actions to overcome those risk and decisions should be documented in the Manager's Integrated Master Plan (IMP).
Develop a Risk Management Plan
Introduction:
Managing risk on a project is really just a sub-set of managing the overall project. If you don't manage risk on a project, overtime the risk will manage you. The key to managing risk is documentation.
References:
Information:
Every risk should be document and a plan of what actions should be taken during that event should be considered. Even problems that occur or decisions that are made earlier in the process that causes risk should be identified and planned. Documenting decisions that are made that causes risk is a normal part of any program / project managers job. The program manager should document these events and decisions, they provide turn-over information, lessons learned and the ability for other people to get key information to help overcome problems later in the process. These risk, actions to overcome those risk and decisions should be documented in the Manager's Integrated Master Plan (IMP).